Faced with the loss of U.S. trade as Donald Trump’s tariff war began to take hold, China’s factory output shrank in April by the most in the past 15 months, the Financial Times reported.
Author: admin (Kendrick Williams)
Post
SPOTLIGHT: TROUBLES CONTINUE FOR THE LUXURY INDUSTRY
Cosmetics giant Estée Lauder reported revenues 10 percent lower in its fiscal third quarter than a year earlier, falling to $3.55 billion.
Post
TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CHINESE INVESTORS SHELTER IN GOLD FUNDS AMID ECONOMIC CHAOS
Chinese investors poured the equivalent of $7.4 billion into gold-focused exchange-traded funds (ETFs) in April, a record pace as trade with the U.S. began to collapse under Donald Trump’s trade war and the country’s domestic economy continues to face an uncertain future.
Post
ECB LEADERS PLAY FAVORITES IN PROMOTIONS, STAFF SAYS
Just 19 percent of European Central Bank (ECB) employees think the bank “does a good job of promoting the most competent people,” a new Ipso survey found.
Post
CHINA’S AUTOMAKERS CONTINUE STRONG SALES IN APRIL
Coming off a robust first quarter, China’s “new energy” vehicle makers such as BYD and Xpeng reported strong sales continued through April.
Post
GLOBAL CRYPTO PLATFORMS PLAN OFFICES IN U.S.
Encouraged by Donald Trump’s enthusiasm for digital assets and his administration’s moves to rescind strict oversight measures, cryptocurrency trading platforms are actively looking to open outlets for U.S. customers.
Post
BLOCKCHAIN BATTLES
Democrats who formerly backed a major crypto legislative bill that included positive regulations to further dollar backed stablecoins are now stalling the measure in Congress.
Post
THE PROBLEM WITH LOCAL CURRENCIES
In 2022, we were among the first anywhere in the world to forecast that weaponizing the dollar against Russia in the wake of the Russia Ukraine conflict would hurt dollar reserve currency status.
Post
TECHNOCRACY BRIEFS: ‘JUNIOR PARTNER’ SYMBIOSIS IN FULL SWING
A recent article in Psychology Today put forward the idea that addressing problems with AI safety and “alignment” with serving human interests, might be solved by a “bold” new way of envisioning the integration of humans and AI.
Post
SYNTHETIC DEVOLUTION: CRISPR BACON
Meat from gene-edited pigs may be the first widely consumed gene modified animal product in the U.S., now that the FDA has just approved it for sale.